Stock Yards Bancorp, Inc(NASDAQ:SYBT)

Stock Yards Bancorp, Inc. operates as the holding company for SYB that provides various banking products and services in Louisville, Indianapolis, and Cincinnati. It operates in two segments, Commercial Banking and WM&T. The Commercial Banking segment provides a range of loan and deposit products, r...
Website: http://www.syb.com
Founded: 1904
Full Time Employees: 626
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2016-06-30 |
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interest income: | |||||||||||||||||||||||||||||||||
loans, including fees | 107,207,000 | 103,009,000 | 99,600,000 | 97,815,000 | 95,689,000 | 90,018,000 | 85,840,000 | 82,715,000 | 78,234,000 | 72,308,000 | 68,787,000 | 64,033,000 | 56,750,000 | 50,612,000 | 44,743,000 | 43,671,000 | 43,307,000 | 40,095,000 | 37,000,000 | 36,007,000 | 33,844,000 | 34,099,000 | |||||||||||
federal funds sold and interest bearing due from banks | 5,003,000 | 2,730,000 | 2,001,000 | 3,057,000 | 1,946,000 | 2,157,000 | 2,096,000 | 3,526,000 | 1,640,000 | 1,664,000 | 1,581,000 | 2,173,000 | 2,450,000 | 1,113,000 | 282,000 | 287,000 | 208,000 | 84,000 | 66,000 | 65,000 | 54,000 | 88,000 | 531,000 | 804,000 | 566,000 | 830,000 | 733,000 | ||||||
mortgage loans held for sale | 74,000 | 78,000 | 77,000 | 80,000 | 47,000 | 74,000 | 31,000 | 38,000 | 55,000 | 77,000 | 41,000 | 13,000 | 103,000 | 50,000 | 24,000 | 74,000 | 53,000 | 58,000 | 64,000 | 174,000 | 173,000 | 125,000 | 61,000 | 61,000 | 41,000 | 43,000 | 37,000 | 45,000 | 42,000 | 44,000 | 35,000 | 59,000 | |
federal home loan bank stock | 488,000 | 662,000 | 532,000 | 705,000 | 663,000 | 470,000 | 468,000 | 621,000 | 499,000 | 275,000 | 165,000 | 177,000 | 172,000 | 102,000 | 54,000 | 58,000 | 83,000 | 64,000 | 57,000 | ||||||||||||||
investment securities: | |||||||||||||||||||||||||||||||||
taxable | 7,033,000 | 8,052,000 | 8,495,000 | 8,196,000 | 6,918,000 | 7,125,000 | 7,657,000 | 7,897,000 | 8,064,000 | 8,299,000 | 8,446,000 | 8,314,000 | 7,503,000 | 6,805,000 | 4,680,000 | 3,330,000 | 3,206,000 | 2,744,000 | 2,295,000 | 1,801,000 | 2,029,000 | 2,136,000 | 2,466,000 | 2,486,000 | 2,239,000 | 2,546,000 | 2,568,000 | 2,703,000 | 2,055,000 | 2,105,000 | 2,138,000 | ||
tax-exempt | 467,000 | 469,000 | 461,000 | 455,000 | 459,000 | 460,000 | 453,000 | 444,000 | 433,000 | 440,000 | 447,000 | 440,000 | 432,000 | 426,000 | 201,000 | 88,000 | 91,000 | 57,000 | 36,000 | 39,000 | 44,000 | 58,000 | 75,000 | 87,000 | 105,000 | 130,000 | 147,000 | 163,000 | 192,000 | 236,000 | 241,000 | ||
total interest income | 120,272,000 | 115,000,000 | 111,166,000 | 110,308,000 | 105,722,000 | 100,304,000 | 96,545,000 | 95,241,000 | 88,925,000 | 83,063,000 | 79,467,000 | 75,150,000 | 67,410,000 | 59,108,000 | 49,984,000 | 47,508,000 | 46,948,000 | 43,102,000 | 39,518,000 | 38,339,000 | 36,144,000 | 36,506,000 | 36,882,000 | 37,795,000 | 37,973,000 | 36,968,000 | 35,029,000 | 35,004,000 | 33,021,000 | 32,004,000 | 29,730,000 | 25,162,000 | |
interest expense: | |||||||||||||||||||||||||||||||||
deposits | 39,294,000 | 37,511,000 | 34,581,000 | 36,055,000 | 33,997,000 | 31,623,000 | 31,866,000 | 29,645,000 | 21,360,000 | 17,081,000 | 13,499,000 | 9,022,000 | 4,449,000 | 1,770,000 | 1,171,000 | 1,279,000 | 1,403,000 | 1,435,000 | 1,510,000 | 1,802,000 | 2,107,000 | 2,607,000 | 3,962,000 | 4,526,000 | 5,316,000 | 5,652,000 | 5,066,000 | 4,718,000 | 3,972,000 | 2,674,000 | 2,077,000 | 979,000 | |
securities sold under agreements to repurchase | 588,000 | 625,000 | 814,000 | 793,000 | 937,000 | 771,000 | 931,000 | 658,000 | 597,000 | 376,000 | 456,000 | 317,000 | 176,000 | 57,000 | 17,000 | 8,000 | 6,000 | 5,000 | 5,000 | 6,000 | 7,000 | 8,000 | 16,000 | 19,750 | 26,000 | 28,000 | 25,000 | 29,000 | |||||
federal funds purchased and other short-term borrowings | 72,000 | 72,000 | 70,000 | 98,750 | 120,000 | 139,000 | 136,000 | 126,000 | 157,000 | 170,000 | 177,000 | 18,000 | 50,000 | 19,000 | 3,000 | 2,750 | 5,000 | 4,000 | 2,000 | ||||||||||||||
federal home loan bank advances | 2,870,000 | 2,908,000 | 4,741,000 | 2,975,000 | 5,209,000 | 5,263,000 | 2,997,000 | 2,155,000 | 4,917,000 | 3,962,000 | 529,000 | 36,000 | 51,000 | 74,000 | 176,000 | 277,000 | 333,000 | 361,000 | 429,000 | 486,000 | 509,000 | 424,000 | 221,000 | 181,000 | |||||||||
subordinated debentures | 411,000 | 411,000 | 408,000 | 440,000 | 480,000 | 486,000 | 545,000 | 582,000 | 579,000 | 545,000 | 1,734,000 | 454,000 | 359,000 | 278,000 | 33,000 | 26,000 | |||||||||||||||||
total interest expense | 43,235,000 | 41,527,000 | 40,614,000 | 40,339,000 | 40,743,000 | 38,282,000 | 36,475,000 | 33,225,000 | 27,610,000 | 22,134,000 | 16,395,000 | 9,887,000 | 5,034,000 | 2,124,000 | 1,224,000 | 1,326,000 | 1,465,000 | 1,518,000 | 1,693,000 | 2,087,000 | 2,449,000 | 2,978,000 | 4,436,000 | 5,075,000 | 5,903,000 | 6,194,000 | 5,372,000 | 5,092,000 | 4,500,000 | 3,330,000 | 2,435,000 | 1,212,000 | |
net interest income | 77,037,000 | 73,473,000 | 70,552,000 | 69,969,000 | 64,979,000 | 62,022,000 | 60,070,000 | 62,016,000 | 61,315,000 | 60,929,000 | 63,072,000 | 65,263,000 | 62,376,000 | 56,984,000 | 48,760,000 | 46,182,000 | 45,483,000 | 41,584,000 | 37,825,000 | 36,252,000 | 33,695,000 | 33,528,000 | 32,446,000 | 32,720,000 | 32,070,000 | 30,774,000 | 29,657,000 | 29,912,000 | 28,521,000 | 28,674,000 | 27,295,000 | 23,950,000 | |
provision for credit losses | 1,975,000 | 2,175,000 | 1,720,500 | 4,803,000 | |||||||||||||||||||||||||||||
net interest income after provision expense | 75,062,000 | 71,298,000 | 69,652,000 | 67,294,000 | 60,654,000 | 60,722,000 | 58,645,000 | 55,970,000 | 58,540,000 | 58,579,000 | 60,447,000 | ||||||||||||||||||||||
non-interest income: | |||||||||||||||||||||||||||||||||
wealth management and trust services | 10,704,000 | 10,483,000 | 10,647,000 | 10,346,000 | 10,931,000 | 10,795,000 | 10,771,000 | 10,099,000 | 10,030,000 | 10,146,000 | 9,527,000 | 9,221,000 | 9,152,000 | 9,495,000 | 8,469,000 | 7,379,000 | 7,128,000 | 6,858,000 | 6,248,000 | 5,805,000 | 5,657,000 | 5,726,000 | 6,218,000 | 5,804,000 | 5,738,000 | 5,662,000 | 5,439,000 | 5,312,000 | 5,380,000 | 5,344,000 | 5,500,000 | ||
deposit service charges | 2,281,000 | 2,069,000 | 2,079,000 | 2,276,000 | 2,314,000 | 2,180,000 | 2,136,000 | 2,244,000 | 2,272,000 | 2,201,000 | 2,149,000 | 2,183,000 | 2,179,000 | 2,061,000 | 1,863,000 | 1,907,000 | 1,768,000 | 1,233,000 | 944,000 | 1,080,000 | 998,000 | 800,000 | 1,283,000 | 1,486,000 | 1,444,000 | 1,336,000 | 1,247,000 | 1,419,000 | 1,482,000 | 1,447,000 | 1,511,000 | ||
debit and credit card income | 5,009,000 | 4,837,000 | 4,508,000 | 5,394,000 | 5,083,000 | 4,923,000 | 4,682,000 | 5,374,000 | 4,870,000 | 4,712,000 | 4,482,000 | 5,046,000 | 4,710,000 | 4,748,000 | 4,119,000 | 4,012,000 | 3,887,000 | 3,284,000 | 2,273,000 | 2,219,000 | 2,218,000 | 2,063,000 | 1,980,000 | 2,109,000 | 2,102,000 | 2,168,000 | 1,744,000 | ||||||
treasury management fees | 2,923,000 | 3,005,000 | 2,673,000 | 2,675,000 | 2,939,000 | 2,825,000 | 2,625,000 | 2,531,000 | 2,635,000 | 2,549,000 | 2,318,000 | 2,278,000 | 2,221,000 | 2,187,000 | 1,904,000 | 1,871,000 | 1,771,000 | 1,730,000 | 1,540,000 | 1,506,000 | 1,368,000 | 1,249,000 | 1,284,000 | 1,369,000 | 1,264,000 | 1,202,000 | 1,157,000 | ||||||
mortgage banking income | 1,252,000 | 1,094,000 | 917,000 | 781,000 | 1,112,000 | 1,017,000 | 948,000 | 823,000 | 814,000 | 1,030,000 | 1,038,000 | 209,000 | 703,000 | 1,295,000 | 1,003,000 | 1,062,000 | 915,000 | 1,303,000 | 1,444,000 | 1,708,000 | 1,979,000 | 1,622,000 | 846,000 | 978,000 | 834,000 | 796,000 | 482,000 | ||||||
net investment product sales commissions and fees | 1,112,000 | 980,000 | 1,010,000 | 991,000 | 915,000 | 800,000 | 865,000 | 860,000 | 791,000 | 800,000 | 754,000 | 833,000 | 892,000 | 731,000 | 607,000 | 764,000 | 780,000 | 545,000 | 464,000 | 487,000 | 431,000 | 391,000 | 466,000 | 378,000 | 400,000 | 364,000 | 356,000 | 432,000 | 444,000 | 397,000 | 404,000 | ||
bank owned life insurance | 631,000 | 629,000 | 622,000 | 626,000 | 634,000 | 595,000 | 588,000 | 576,000 | 569,000 | 559,000 | 549,000 | 545,000 | 516,000 | 270,000 | 266,000 | 272,000 | 275,000 | 206,000 | 161,000 | 166,000 | 172,000 | 176,000 | 179,000 | 182,000 | 487,000 | 184,000 | 178,000 | 565,000 | 186,000 | 191,000 | 187,000 | ||
gain on sale of premises and equipment | 74,000 | -61,000 | -59,000 | 20,000 | -2,000 | 1,295,000 | 3,074,000 | ||||||||||||||||||||||||||
other | 564,000 | 1,177,000 | 540,000 | 479,000 | 928,000 | 500,000 | 656,000 | 2,059,000 | 613,000 | 1,088,000 | 1,232,000 | 1,532,000 | 1,417,000 | 1,153,000 | 972,000 | 1,337,000 | 1,090,000 | 629,000 | 770,000 | 727,000 | 220,000 | 595,000 | 280,000 | 855,000 | 1,035,000 | 551,000 | 459,000 | 241,000 | 312,000 | 508,000 | 290,000 | 488,000 | |
total non-interest income | 24,476,000 | 24,348,000 | 22,996,000 | 23,507,000 | 24,797,000 | 23,655,000 | 23,271,000 | 24,417,000 | 22,896,000 | 22,860,000 | 22,047,000 | 23,142,000 | 24,864,000 | 21,940,000 | 19,203,000 | 18,604,000 | 17,614,000 | 15,788,000 | 13,844,000 | 13,698,000 | 13,043,000 | 12,622,000 | 12,536,000 | 13,161,000 | 13,304,000 | 12,263,000 | 11,062,000 | 11,576,000 | 11,426,000 | 11,435,000 | 10,923,000 | 10,778,000 | |
non-interest expenses: | |||||||||||||||||||||||||||||||||
compensation | 28,836,000 | 27,279,000 | 25,932,000 | 26,453,000 | 25,534,000 | 24,634,000 | 24,221,000 | 24,494,000 | 23,379,000 | 22,107,000 | 21,896,000 | 23,398,000 | 23,069,000 | 22,204,000 | 17,969,000 | 17,146,000 | 17,381,000 | 15,680,000 | 12,827,000 | 14,072,000 | 13,300,000 | 11,763,000 | 12,233,000 | 13,473,000 | 12,330,000 | 12,715,000 | 11,801,000 | 11,824,000 | 11,607,000 | 11,703,000 | 10,970,000 | ||
employee benefits | 4,878,000 | 5,330,000 | 5,785,000 | 4,677,000 | 4,629,000 | 5,086,000 | 5,876,000 | 3,829,000 | 4,508,000 | 5,061,000 | 5,053,000 | 3,421,000 | 4,179,000 | 4,429,000 | 4,539,000 | 3,189,000 | 3,662,000 | 3,367,000 | 3,261,000 | 2,173,000 | 2,853,000 | 2,871,000 | 3,167,000 | 2,580,000 | 2,908,000 | 2,908,000 | 2,642,000 | 2,452,000 | 2,501,000 | 2,512,000 | 2,633,000 | ||
net occupancy and equipment | 4,086,000 | 4,025,000 | 4,123,000 | 3,929,000 | 3,775,000 | 3,819,000 | 3,670,000 | 5,150,000 | 3,821,000 | 3,514,000 | 3,899,000 | 3,843,000 | 3,767,000 | 3,663,000 | 3,025,000 | 2,667,000 | 2,732,000 | 2,244,000 | 2,045,000 | 2,209,000 | 2,235,000 | 2,089,000 | 1,881,000 | 2,384,000 | 2,199,000 | 1,976,000 | 1,858,000 | 2,110,000 | 1,914,000 | 1,811,000 | 1,818,000 | ||
technology and communication | 4,837,000 | 4,773,000 | 4,828,000 | 4,744,000 | 4,500,000 | 4,894,000 | 5,069,000 | 4,612,000 | 4,236,000 | 4,219,000 | 4,251,000 | 3,747,000 | 3,747,000 | 3,984,000 | 3,419,000 | 2,956,000 | 3,173,000 | 2,670,000 | 2,346,000 | 2,275,000 | 2,265,000 | 1,947,000 | 2,013,000 | 4,129,000 | 1,841,000 | 1,848,000 | 1,773,000 | 2,254,000 | 2,183,000 | 2,264,000 | 2,196,000 | ||
debit and credit card processing | 1,984,000 | 1,908,000 | 1,819,000 | 1,860,000 | 1,845,000 | 1,811,000 | 1,746,000 | 1,719,000 | 1,637,000 | 1,706,000 | 1,419,000 | 1,470,000 | 1,437,000 | 1,665,000 | 1,337,000 | 1,334,000 | 1,479,000 | 976,000 | 705,000 | 698,000 | 649,000 | 603,000 | 656,000 | 470,000 | 662,000 | 631,000 | 587,000 | ||||||
marketing and business development | 1,887,000 | 1,951,000 | 1,515,000 | 2,815,000 | 1,438,000 | 1,596,000 | 1,075,000 | 1,754,000 | 1,357,000 | 1,784,000 | 1,095,000 | 1,544,000 | 1,244,000 | 1,445,000 | 772,000 | 1,793,000 | 1,011,000 | 822,000 | 524,000 | 835,000 | 523,000 | 465,000 | 560,000 | 1,367,000 | 732,000 | 903,000 | 625,000 | 908,000 | 740,000 | 805,000 | 646,000 | ||
postage, printing and supplies | 910,000 | 937,000 | 969,000 | 905,000 | 901,000 | 913,000 | 926,000 | 903,000 | 938,000 | 889,000 | 874,000 | 893,000 | 903,000 | 825,000 | 733,000 | 714,000 | 630,000 | 460,000 | 409,000 | 423,000 | 472,000 | 442,000 | 441,000 | 434,000 | 402,000 | 397,000 | 370,000 | 400,000 | 391,000 | ||||
legal and professional | 891,000 | 1,088,000 | 907,000 | 843,000 | 968,000 | 1,185,000 | 1,115,000 | 1,293,000 | 1,049,000 | 819,000 | 797,000 | 492,000 | 774,000 | 1,027,000 | 650,000 | 755,000 | 700,000 | 666,000 | 862,000 | 597,000 | 544,000 | 628,000 | 623,000 | 433,000 | 524,000 | 1,523,000 | 534,000 | 1,116,000 | 501,000 | 504,000 | 493,000 | ||
fdic insurance | 1,198,000 | 1,260,000 | 1,223,000 | 1,171,000 | 1,095,000 | 1,161,000 | 1,112,000 | 1,060,000 | 937,000 | 779,000 | 1,135,000 | 730,000 | 847,000 | 536,000 | 645,000 | 706,000 | 387,000 | 349,000 | 405,000 | 323,000 | 435,000 | 330,000 | 129,000 | -241,000 | 248,000 | 238,000 | 243,000 | 238,000 | 238,000 | 242,000 | |||
capital and deposit based taxes | 1,082,000 | 738,000 | 700,000 | 653,000 | 825,000 | 673,000 | 630,000 | 601,000 | 629,000 | 607,000 | 639,000 | 799,000 | 722,000 | 582,000 | 518,000 | 549,000 | 556,000 | 527,000 | 458,000 | 1,055,000 | 1,076,000 | 1,225,000 | 1,030,000 | 1,006,000 | 993,000 | 967,000 | 904,000 | 873,000 | 738,000 | 862,000 | 852,000 | ||
intangible amortization | 915,000 | 915,000 | 914,000 | 1,330,000 | 1,052,000 | 1,051,000 | 1,052,000 | 1,167,000 | 1,167,000 | 1,172,000 | 1,180,000 | 1,610,000 | 1,610,000 | 1,611,000 | 713,000 | ||||||||||||||||||
total non-interest expenses | 53,831,000 | 52,700,000 | 51,027,000 | 51,657,000 | 48,452,000 | 49,109,000 | 48,961,000 | 50,013,000 | 46,702,000 | 45,800,000 | 45,314,000 | 45,946,000 | 44,873,000 | 44,675,000 | 56,297,000 | 34,572,000 | 34,558,000 | 48,177,000 | 24,973,000 | 28,129,000 | 26,196,000 | 24,884,000 | 23,950,000 | 26,291,000 | 23,957,000 | 25,464,000 | 22,639,000 | 21,027,000 | 20,193,000 | ||||
income before income tax expense | 45,707,000 | 42,946,000 | 41,621,000 | 39,144,000 | 36,999,000 | 35,268,000 | 32,955,000 | 30,374,000 | 34,734,000 | 35,639,000 | 37,180,000 | 39,084,000 | 37,564,000 | 34,449,000 | 9,387,000 | 32,114,000 | 30,064,000 | 5,048,000 | 28,171,000 | 20,421,000 | 16,124,000 | 15,716,000 | 15,482,000 | 19,590,000 | 21,017,000 | 17,573,000 | |||||||
income tax expense | 9,466,000 | 8,922,000 | 8,350,000 | 7,450,000 | 7,639,000 | 7,670,000 | 7,068,000 | 6,430,000 | 7,642,000 | 7,975,000 | 8,132,000 | 9,174,000 | 9,024,000 | 7,547,000 | 1,445,000 | 7,525,000 | 6,902,000 | 864,000 | 5,461,000 | 2,685,000 | 1,591,000 | 2,348,000 | 2,250,000 | 2,941,000 | 3,783,000 | 1,030,000 | 1,839,000 | 2,265,000 | 3,555,000 | 3,159,000 | 3,052,000 | 3,676,000 | |
net income | 36,241,000 | 34,024,000 | 33,271,000 | 31,694,000 | 29,360,000 | 27,598,000 | 25,887,000 | 23,944,000 | 27,092,000 | 27,664,000 | 29,048,000 | 29,910,000 | 28,540,000 | 26,902,000 | 7,942,000 | 24,589,000 | 23,162,000 | 4,184,000 | 22,710,000 | 17,736,000 | 14,533,000 | 13,368,000 | 13,232,000 | 16,649,000 | 17,234,000 | 16,543,000 | 15,641,000 | 14,658,000 | 13,876,000 | 13,579,000 | 13,404,000 | 10,109,000 | |
yoy | 23.44% | 23.28% | 28.52% | 32.37% | 8.37% | -0.24% | -10.88% | -19.95% | -5.07% | 2.83% | 265.75% | 21.64% | 23.22% | 542.97% | -65.03% | 38.64% | 59.38% | -68.70% | 71.63% | 6.53% | -15.67% | -19.19% | -15.40% | 13.58% | 24.20% | 21.83% | 16.69% | 37.26% | |||||
qoq | 6.52% | 2.26% | 4.98% | 7.95% | 6.38% | 6.61% | 8.11% | -11.62% | -2.07% | -4.76% | -2.88% | 4.80% | 6.09% | 238.73% | -67.70% | 6.16% | 453.59% | -81.58% | 28.04% | 22.04% | 8.71% | 1.03% | -20.52% | -3.39% | 4.18% | 5.77% | 6.71% | 5.64% | 2.19% | 1.31% | |||
net income per share | 1.23 | 1.16 | 1.13 | 1.08 | 1 | 0.94 | 0.89 | 0.95 | 0.87 | 0.17 | 1 | 0.79 | 0.64 | 0.59 | 0.59 | 0.74 | 0.76 | 0.73 | 0.69 | 0.59 | |||||||||||||
weighted-average outstanding shares | |||||||||||||||||||||||||||||||||
basic | 29,369 | 29,364 | 29,349 | 29,288 | 29,299 | 29,283 | 29,250 | 29,212 | 29,223,000 | 29,223,000 | 29,178,000 | 28,672 | 29,144,000 | 29,131,000 | 27,230,000 | 24,898 | 26,485 | 24,140 | 22,622 | 22,563 | 22,582 | 22,560 | 22,516 | 22,598 | 22,550 | 22,689 | |||||||
diluted | 29,526 | 29,505 | 29,501 | 29,421 | 29,445 | 29,383 | 29,361 | 29,343 | 29,336,000 | 29,340,000 | 29,365,000 | 28,922 | 29,404,000 | 29,346,000 | 27,485,000 | 25,156 | 26,726 | 24,379 | 22,865 | 22,768 | 22,802 | 22,739 | 22,736 | 22,865 | 22,810 | 22,949 | |||||||
benefit from credit losses | 900,000 | 2,675,000 | 4,325,000 | 1,300,000 | 1,425,000 | 6,046,000 | 2,775,000 | 2,350,000 | 2,625,000 | -200,000 | 2,279,000 | -1,900,000 | -1,525,000 | 4,147,000 | -1,475,000 | 3,879,500 | 4,418,000 | 5,550,000 | 5,550,000 | ||||||||||||||
amortization of investments in tax credit partnerships | 324,000 | 323,000 | 324,000 | 323,000 | 88,000 | 88,000 | 89,000 | 88,000 | 52,000 | 53,000 | 231,000 | 31,000 | 2,955,000 | 52,000 | 53,000 | ||||||||||||||||||
loss on sale of premises and equipment | -225,000 | ||||||||||||||||||||||||||||||||
gain on sale of premises and equipment | 18,750 | 302,000 | |||||||||||||||||||||||||||||||
merger expenses | 19,500,000 | 525,000 | 18,100,000 | ||||||||||||||||||||||||||||||
less income attributed to non-controlling interest | 93,000 | 85,000 | 108,000 | ||||||||||||||||||||||||||||||
net income available to stockholders | 23,944,000 | 27,092,000 | 27,664,000 | 29,048,000 | 29,817,000 | 28,455,000 | 26,794,000 | 7,906,000 | |||||||||||||||||||||||||
net income per common share - basic | 717.5 | 930 | 950 | 1,000 | |||||||||||||||||||||||||||||
net income per common share - diluted | 715 | 920 | 940 | 990 | |||||||||||||||||||||||||||||
interest income | |||||||||||||||||||||||||||||||||
interest expense | |||||||||||||||||||||||||||||||||
net interest income after credit loss expense | 40,309,500 | 57,573,000 | 57,184,000 | 46,481,000 | 30,936,250 | 47,008,000 | 37,437,000 | 39,300,000 | |||||||||||||||||||||||||
non-interest income | |||||||||||||||||||||||||||||||||
non-interest expenses | |||||||||||||||||||||||||||||||||
federal home loan bank early termination penalty | 118,500 | 474,000 | |||||||||||||||||||||||||||||||
net income per common share, basic | 555 | 980 | 920 | 290 | |||||||||||||||||||||||||||||
net income per common share, diluted | 550 | 970 | 910 | 290 | |||||||||||||||||||||||||||||
securities investment: | |||||||||||||||||||||||||||||||||
less income attributed to noncontrolling interest | 36,000 | ||||||||||||||||||||||||||||||||
securities available for sale: | |||||||||||||||||||||||||||||||||
federal funds purchased and other short-term borrowing | 2,000 | 2,000 | 2,000 | 29,000 | 44,000 | 52,000 | 64,000 | 60,000 | 23,000 | ||||||||||||||||||||||||
net interest income after provision | 34,852,000 | 29,277,000 | 27,978,000 | 26,896,000 | 32,720,000 | 31,670,000 | 30,774,000 | 29,057,000 | |||||||||||||||||||||||||
credit loss expense for off-balance sheet exposures | -900,000 | 550,000 | 1,475,000 | ||||||||||||||||||||||||||||||
weighted-average outstanding shares: | |||||||||||||||||||||||||||||||||
basic | 29,369 | 29,364 | 29,349 | 29,288 | 29,299 | 29,283 | 29,250 | 29,212 | 29,223,000 | 29,223,000 | 29,178,000 | 28,672 | 29,144,000 | 29,131,000 | 27,230,000 | 24,898 | 26,485 | 24,140 | 22,622 | 22,563 | 22,582 | 22,560 | 22,516 | 22,598 | 22,550 | 22,689 | |||||||
diluted | 29,526 | 29,505 | 29,501 | 29,421 | 29,445 | 29,383 | 29,361 | 29,343 | 29,336,000 | 29,340,000 | 29,365,000 | 28,922 | 29,404,000 | 29,346,000 | 27,485,000 | 25,156 | 26,726 | 24,379 | 22,865 | 22,768 | 22,802 | 22,739 | 22,736 | 22,865 | 22,810 | 22,949 | |||||||
loans and leases, including fees | 33,749,000 | ||||||||||||||||||||||||||||||||
amortization/impairment of tax credit partnerships | 36,000 | ||||||||||||||||||||||||||||||||
loans and leases | 24,996,250 | 35,022,000 | 33,419,000 | 31,544,000 | |||||||||||||||||||||||||||||
securities available for sale | |||||||||||||||||||||||||||||||||
provision for loan and lease losses | 400,000 | ||||||||||||||||||||||||||||||||
amortization/impairment of investments in tax credit partnerships | 60,250 | 137,000 | 52,000 | 52,000 | 1,179,000 | 58,000 | |||||||||||||||||||||||||||
weighted-average common shares: | |||||||||||||||||||||||||||||||||
basic | 29,369 | 29,364 | 29,349 | 29,288 | 29,299 | 29,283 | 29,250 | 29,212 | 29,223,000 | 29,223,000 | 29,178,000 | 28,672 | 29,144,000 | 29,131,000 | 27,230,000 | 24,898 | 26,485 | 24,140 | 22,622 | 22,563 | 22,582 | 22,560 | 22,516 | 22,598 | 22,550 | 22,689 | |||||||
diluted | 29,526 | 29,505 | 29,501 | 29,421 | 29,445 | 29,383 | 29,361 | 29,343 | 29,336,000 | 29,340,000 | 29,365,000 | 28,922 | 29,404,000 | 29,346,000 | 27,485,000 | 25,156 | 26,726 | 24,379 | 22,865 | 22,768 | 22,802 | 22,739 | 22,736 | 22,865 | 22,810 | 22,949 | |||||||
postage, printing, and supplies | 410,000 | 406,000 | |||||||||||||||||||||||||||||||
benefit from loan losses | 600,000 | 676,250 | 735,000 | 1,235,000 | 735,000 | ||||||||||||||||||||||||||||
income before income taxes | 17,480,000 | 16,923,000 | 17,431,000 | 16,738,000 | 16,456,000 | 13,785,000 | |||||||||||||||||||||||||||
average common shares: | |||||||||||||||||||||||||||||||||
basic | 22,661 | 6 | 22,636 | 22,625 | 22,577 | 22,336 | |||||||||||||||||||||||||||
diluted | 22,946 | -12 | 22,968 | 22,979 | 22,942 | 22,704 | |||||||||||||||||||||||||||
loans | 31,590,000 | 30,359,000 | 29,456,000 | 27,048,000 | 22,563,000 | ||||||||||||||||||||||||||||
federal funds sold and interest bearing deposits | 503,000 | 373,000 | 163,000 | 268,000 | |||||||||||||||||||||||||||||
securities | |||||||||||||||||||||||||||||||||
securities sold under agreements to repurchase and other short-term borrowings | 212,500 | 300,000 | 427,000 | ||||||||||||||||||||||||||||||
long term debt | 232,000 | 228,000 | 229,000 | 235,000 | |||||||||||||||||||||||||||||
net interest income after benefit from loan losses | 29,912,000 | 27,786,000 | 27,439,000 | 26,560,000 | |||||||||||||||||||||||||||||
debit and credit cards | 1,813,000 | 1,759,000 | 1,689,000 | 1,508,000 | |||||||||||||||||||||||||||||
treasury management | 1,260,000 | 1,151,000 | 1,113,000 | 947,000 | |||||||||||||||||||||||||||||
mortgage banking | 534,000 | 712,000 | 746,000 | 576,000 | |||||||||||||||||||||||||||||
gain on call of securities | |||||||||||||||||||||||||||||||||
total non-interest expense | 16,236,000 | 21,781,000 | 22,136,000 | ||||||||||||||||||||||||||||||
net income per share | 1.23 | 1.16 | 1.13 | 1.08 | 1 | 0.94 | 0.89 | 0.95 | 0.87 | 0.17 | 1 | 0.79 | 0.64 | 0.59 | 0.59 | 0.74 | 0.76 | 0.73 | 0.69 | 0.59 | |||||||||||||
basic | 0.453 | 0.61 | 0.6 | 0.45 | |||||||||||||||||||||||||||||
diluted | 0.445 | 0.6 | 0.59 | 0.45 | |||||||||||||||||||||||||||||
average common shares | |||||||||||||||||||||||||||||||||
basic | 22,661 | 6 | 22,636 | 22,625 | 22,577 | 22,336 | |||||||||||||||||||||||||||
diluted | 22,946 | -12 | 22,968 | 22,979 | 22,942 | 22,704 | |||||||||||||||||||||||||||
short term borrowing | 123,000 | ||||||||||||||||||||||||||||||||
federal funds sold | 111,000 | ||||||||||||||||||||||||||||||||
securities – taxable | 2,123,000 | ||||||||||||||||||||||||||||||||
securities – tax-exempt | 306,000 | ||||||||||||||||||||||||||||||||
provision for loan losses | 750,000 | ||||||||||||||||||||||||||||||||
net interest income after provision for loan losses | 23,200,000 | ||||||||||||||||||||||||||||||||
investment management and trust services | 4,807,000 | ||||||||||||||||||||||||||||||||
service charges on deposit accounts | 2,262,000 | ||||||||||||||||||||||||||||||||
bankcard transaction revenue | 1,433,000 | ||||||||||||||||||||||||||||||||
mortgage banking revenue | 1,030,000 | ||||||||||||||||||||||||||||||||
brokerage commissions and fees | 538,000 | ||||||||||||||||||||||||||||||||
bank owned life insurance income | 220,000 | ||||||||||||||||||||||||||||||||
salaries and employee benefits | 11,971,000 | ||||||||||||||||||||||||||||||||
net occupancy expense | 1,546,000 | ||||||||||||||||||||||||||||||||
data processing expense | 1,881,000 | ||||||||||||||||||||||||||||||||
furniture and equipment expense | 291,000 | ||||||||||||||||||||||||||||||||
fdic insurance expense | 351,000 | ||||||||||||||||||||||||||||||||
amortization of investment in tax credit partnerships | 1,016,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest earning assets: | |||||||||||||||||||||||||||||||||||||||||||||||||
federal funds sold and interest bearing due from banks | 448,969,000 | 353,806,000 | 293,580,000 | 212,095,000 | 144,241,000 | 118,910,000 | 88,547,000 | 171,493,000 | 113,499,000 | 103,204,000 | 229,076,000 | 84,852,000 | 235,973,000 | 485,447,000 | 641,892,000 | 898,888,000 | 500,421,000 | 481,716,000 | 289,920,000 | 274,766,000 | 241,486,000 | 178,032,000 | 206,849,000 | 202,861,000 | 68,107,000 | 64,775,000 | 67,326,000 | 147,047,000 | 54,451,000 | 10,948,000 | 15,254,000 | 97,266,000 | 32,025,000 | 36,251,000 | 25,093,000 | ||||||||||||||
mortgage loans held for sale | 6,051,000 | 8,614,000 | 10,201,000 | 5,420,000 | 6,579,000 | 22,547,000 | 23,611,000 | 17,364,000 | 8,141,000 | 8,748,000 | 6,329,000 | 3,922,000 | 2,981,000 | 1,675,000 | 2,053,000 | 4,239,000 | 2,964,000 | 3,884,000 | 5,959,000 | 6,405,000 | 3,984,000 | 5,539,000 | 8,237,000 | 6,481,000 | 3,747,000 | 4,069,000 | 4,162,000 | 3,473,000 | 1,757,000 | 3,829,000 | 7,080,000 | 4,576,000 | 14,047,000 | 13,417,000 | |||||||||||||||
investment securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
taxable | 1,165,522,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
tax-exempt | 71,193,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total securities | 1,236,715,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank stock | 21,125,000 | 9,779,000 | 10,370,000 | 10,370,000 | 8,876,000 | 6,334,000 | 6,334,000 | 6,334,000 | 6,334,000 | 5,180,000 | 5,180,000 | 5,180,000 | |||||||||||||||||||||||||||||||||||||
loans | 6,873,559,000 | 6,850,273,000 | 6,646,360,000 | 6,520,402,000 | 6,278,133,000 | 6,070,963,000 | 5,849,715,000 | 5,771,038,000 | 5,617,084,000 | 5,418,609,000 | 5,243,104,000 | 5,205,918,000 | 5,072,877,000 | 4,877,324,000 | 4,847,683,000 | 4,169,303,000 | 4,189,117,000 | 4,206,392,000 | 3,635,156,000 | 3,531,596,000 | 3,472,481,000 | 3,464,077,000 | 2,937,366,000 | 2,548,171,000 | 2,534,483,000 | 2,577,960,000 | 2,512,388,000 | 2,409,570,000 | 2,272,778,000 | 2,222,706,000 | 2,175,551,000 | 2,094,488,000 | 1,954,425,000 | 1,899,302,000 | 1,874,010,000 | 1,868,550,000 | 1,785,320,000 | 1,799,791,000 | 1,728,619,000 | 1,721,350,000 | 1,709,258,000 | 1,666,991,000 | 1,600,960,000 | 1,584,594,000 | 1,578,290,000 | ||||
total interest earning assets | 8,586,419,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
less allowance for credit losses on loans | 92,859,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
non-interest earning assets: | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and due from banks | 75,952,000 | 97,606,000 | 110,156,000 | 78,925,000 | 108,825,000 | 85,441,000 | 71,676,000 | 94,466,000 | 79,538,000 | 111,126,000 | 87,922,000 | 82,515,000 | 93,948,000 | 88,422,000 | 109,799,000 | 62,304,000 | 84,520,000 | 58,477,000 | 43,061,000 | 43,179,000 | 49,517,000 | 46,362,000 | 47,662,000 | 46,863,000 | 68,107,000 | 51,264,000 | 44,014,000 | 51,892,000 | 66,029,000 | 44,052,000 | 41,622,000 | 41,982,000 | 43,583,000 | 41,533,000 | 40,618,000 | 35,022,000 | 37,335,000 | 37,775,000 | 33,889,000 | 42,216,000 | 38,302,000 | 57,365,000 | 42,685,000 | 34,519,000 | 47,048,000 | 41,480,000 | 31,715,000 | 42,610,000 | 35,032,000 |
premises and equipment | 115,810,000 | 113,963,000 | 113,971,000 | 112,736,000 | 111,335,000 | 111,112,000 | 106,730,000 | 101,174,000 | 98,425,000 | 98,777,000 | 100,761,000 | 101,612,000 | 98,744,000 | 119,462,000 | 108,827,000 | 76,894,000 | 77,350,000 | 77,639,000 | 57,073,000 | 58,015,000 | 56,911,000 | 56,832,000 | 57,278,000 | 58,618,000 | 62,386,000 | 65,069,000 | 45,718,000 | 44,764,000 | 43,621,000 | 42,354,000 | 41,684,000 | 41,655,000 | 41,825,000 | 42,903,000 | 42,718,000 | 39,975,000 | 39,951,000 | 40,199,000 | 40,060,000 | 39,088,000 | 38,821,000 | 39,248,000 | 39,258,000 | 39,813,000 | 39,989,000 | 39,720,000 | 36,094,000 | 36,532,000 | 37,436,000 |
bank owned life insurance | 90,882,000 | 90,621,000 | 89,991,000 | 89,370,000 | 88,744,000 | 88,109,000 | 87,514,000 | 86,927,000 | 86,351,000 | 85,782,000 | 85,223,000 | 84,674,000 | 84,129,000 | 53,609,000 | 53,339,000 | 53,073,000 | 52,802,000 | 52,526,000 | 33,411,000 | 33,250,000 | 33,084,000 | 32,912,000 | 32,736,000 | 32,557,000 | 32,376,000 | 32,631,000 | 32,447,000 | 32,273,000 | 32,613,000 | 32,427,000 | 32,236,000 | 32,049,000 | 32,071,000 | 31,653,000 | 31,437,000 | 31,217,000 | 30,777,000 | 30,554,000 | 30,329,000 | 30,107,000 | 29,879,000 | 29,650,000 | 29,416,000 | 29,180,000 | 28,920,000 | 28,660,000 | 28,402,000 | 28,149,000 | 27,886,000 |
goodwill | 194,074,000 | 194,074,000 | 194,074,000 | 194,074,000 | 194,074,000 | 194,074,000 | 194,074,000 | 194,074,000 | 194,074,000 | 194,074,000 | 194,074,000 | 194,074,000 | 202,524,000 | 202,524,000 | 202,524,000 | 135,830,000 | 135,830,000 | 136,529,000 | 12,513,000 | 12,513,000 | 12,513,000 | 12,513,000 | 12,513,000 | 12,513,000 | 12,593,000 | 12,826,000 | |||||||||||||||||||||||
accrued interest receivable and other | 246,525,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total assets | 9,216,803,000 | 9,208,986,000 | 8,997,478,000 | 8,863,419,000 | 8,437,280,000 | 8,315,325,000 | 8,123,128,000 | 8,170,102,000 | 7,903,430,000 | 7,732,552,000 | 7,667,648,000 | 7,496,261,000 | 7,554,210,000 | 7,583,105,000 | 7,777,152,000 | 6,646,025,000 | 6,181,188,000 | 6,088,072,000 | 4,794,075,000 | 4,608,629,000 | 4,365,129,000 | 4,334,533,000 | 3,784,586,000 | 3,724,197,000 | 3,533,926,000 | 3,463,823,000 | 3,281,016,000 | 3,302,924,000 | 3,324,797,000 | 3,323,840,000 | 3,285,480,000 | 3,239,646,000 | 3,033,343,000 | 2,938,665,000 | 2,909,519,000 | 2,824,107,000 | 2,624,607,000 | 2,482,687,000 | 2,512,263,000 | 2,563,868,000 | 2,407,871,000 | 2,411,375,000 | 2,354,238,000 | 2,389,262,000 | 2,289,755,000 | 2,258,600,000 | 2,121,066,000 | 2,148,262,000 | 2,102,589,000 |
interest bearing liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||
deposits: | |||||||||||||||||||||||||||||||||||||||||||||||||
interest bearing demand | 2,518,044,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
savings | 423,488,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
money market | 1,370,189,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
time | 1,689,554,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total interest bearing deposits | 6,001,275,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
securities sold under agreements to repurchase | 104,640,000 | 126,576,000 | 151,424,000 | 162,967,000 | 149,852,000 | 152,948,000 | 162,528,000 | 152,991,000 | 113,894,000 | 138,347,000 | 104,578,000 | 133,342,000 | 124,567,000 | 161,512,000 | 142,146,000 | 75,466,000 | 74,406,000 | 63,942,000 | 51,681,000 | 47,979,000 | 40,430,000 | 42,722,000 | 32,366,000 | 31,895,000 | 33,172,000 | 33,809,000 | 34,633,000 | 36,094,000 | 53,883,000 | 58,808,000 | 67,892,000 | 70,473,000 | 65,701,000 | 67,315,000 | 57,437,000 | 54,781,000 | 67,557,000 | 64,418,000 | 59,877,000 | 69,559,000 | 66,955,000 | 56,475,000 | 52,453,000 | 62,615,000 | 56,225,000 | 56,554,000 | 50,879,000 | 59,045,000 | 54,127,000 |
federal funds purchased | 6,689,000 | 6,709,000 | 6,540,000 | 6,525,000 | 6,442,000 | 10,029,000 | 9,961,000 | 12,852,000 | 11,518,000 | 11,646,000 | 14,745,000 | 8,789,000 | 8,970,000 | 8,771,000 | 8,920,000 | 10,374,000 | 10,908,000 | 10,947,000 | 8,642,000 | 11,464,000 | 9,179,000 | 8,401,000 | 9,747,000 | 10,887,000 | 9,957,000 | 12,012,000 | 12,218,000 | 10,247,000 | 161,352,000 | 30,083,000 | 62,101,000 | 13,290,000 | 14,437,000 | 47,390,000 | 16,296,000 | 59,014,000 | 18,731,000 | 55,295,000 | 31,861,000 | 28,782,000 | 36,821,000 | 16,552,000 | 19,308,000 | ||||||
federal home loan bank advances | 300,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | 325,000,000 | 400,000,000 | 200,000,000 | 200,000,000 | 350,000,000 | 400,000,000 | 275,000,000 | 50,000,000 | 10,000,000 | 10,000,000 | 24,180,000 | 31,639,000 | 56,536,000 | 61,432,000 | 69,191,000 | 79,953,000 | 81,985,000 | 84,279,000 | 47,853,000 | 48,177,000 | 48,500,000 | 48,821,000 | 49,140,000 | 49,458,000 | 50,755,000 | 51,366,000 | 43,002,000 | 43,236,000 | 43,699,000 | 38,855,000 | 36,744,000 | 36,832,000 | 36,919,000 | 36,067,000 | 34,288,000 | 34,329,000 | 32,422,000 | 31,859,000 | 31,872,000 | 31,882,000 | 60,423,000 | ||||
subordinated debentures | 26,806,000 | 26,806,000 | 26,806,000 | 26,806,000 | 26,806,000 | 26,806,000 | 26,806,000 | 26,740,000 | 26,641,000 | 26,541,000 | 26,442,000 | 26,343,000 | 26,244,000 | 26,144,000 | 26,045,000 | 30,900,000 | 30,900,000 | 30,900,000 | 30,900,000 | 30,900,000 | |||||||||||||||||||||||||||||
total interest bearing liabilities | 6,439,410,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
non-interest bearing liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||
non-interest bearing demand deposits | 1,540,029,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest payable and other | 221,886,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 8,201,325,000 | 8,203,282,000 | 8,022,005,000 | 7,922,943,000 | 7,503,186,000 | 7,420,790,000 | 7,248,417,000 | 7,311,999,000 | 7,096,512,000 | 6,924,470,000 | 6,873,280,000 | 6,735,829,000 | 6,823,461,000 | 6,832,944,000 | 7,015,932,000 | 5,970,156,000 | 5,517,641,000 | 5,436,983,000 | 4,350,843,000 | 4,167,928,000 | 3,936,531,000 | 3,914,302,000 | 3,374,884,000 | 3,317,900,000 | 3,137,815,000 | 3,074,458,000 | 2,903,022,000 | 2,936,424,000 | 2,971,817,000 | 2,978,325,000 | 2,947,778,000 | 2,906,002,000 | 2,713,656,000 | 2,627,095,000 | 2,604,468,000 | 2,527,784,000 | 2,343,659,000 | 2,210,305,000 | 2,244,662,000 | 2,303,973,000 | 2,156,425,000 | 2,167,761,000 | 2,117,262,000 | 2,159,818,000 | 2,063,220,000 | 2,038,248,000 | 1,912,169,000 | 1,943,187,000 | 1,901,167,000 |
stockholders’ equity | 1,015,478,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 9,216,803,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net interest income | 77,119,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net interest spread | 2,900 | ||||||||||||||||||||||||||||||||||||||||||||||||
net interest margin | 3,560 | ||||||||||||||||||||||||||||||||||||||||||||||||
assets | |||||||||||||||||||||||||||||||||||||||||||||||||
total cash and cash equivalents | 451,412,000 | 403,736,000 | 291,020,000 | 253,066,000 | 204,351,000 | 160,223,000 | 265,959,000 | 193,037,000 | 214,330,000 | 316,998,000 | 167,367,000 | 329,921,000 | 573,869,000 | 751,691,000 | 961,192,000 | 584,941,000 | 540,193,000 | 332,981,000 | 317,945,000 | 291,003,000 | 224,394,000 | 254,511,000 | |||||||||||||||||||||||||||
mortgage loans held for sale, at fair value | 5,014,000 | 7,797,000 | 6,286,000 | 4,822,000 | 6,438,000 | 6,462,000 | 6,056,000 | 6,535,000 | 7,069,000 | 6,397,000 | 2,606,000 | 5,230,000 | 10,045,000 | 9,323,000 | |||||||||||||||||||||||||||||||||||
available for sale debt securities | 1,013,862,000 | 1,034,239,000 | 990,114,000 | 861,832,000 | 961,628,000 | 993,808,000 | 1,031,179,000 | 1,020,248,000 | 1,092,724,000 | 1,131,852,000 | 1,144,617,000 | 1,149,173,000 | 1,140,039,000 | 1,150,355,000 | 1,180,298,000 | 1,070,148,000 | 1,006,908,000 | 672,167,000 | 586,978,000 | ||||||||||||||||||||||||||||||
held to maturity debt securities | 207,980,000 | 212,451,000 | 370,171,000 | 374,912,000 | 380,726,000 | 385,404,000 | 439,837,000 | 445,205,000 | 450,029,000 | 468,751,000 | 473,217,000 | 478,125,000 | 485,449,000 | 548,191,000 | |||||||||||||||||||||||||||||||||||
federal home loan bank stock, at cost | 22,839,000 | 29,315,000 | 21,603,000 | 29,419,000 | 31,462,000 | 24,675,000 | 16,236,000 | 26,241,000 | 27,366,000 | 23,226,000 | 10,928,000 | 10,928,000 | 13,811,000 | 13,811,000 | 9,376,000 | 9,376,000 | 14,475,000 | 10,228,000 | 11,284,000 | 11,284,000 | 11,284,000 | 11,284,000 | 11,316,000 | 11,316,000 | 11,316,000 | ||||||||||||||||||||||||
allowance for credit losses on loans | -90,722,000 | -88,814,000 | -86,943,000 | -85,343,000 | -82,155,000 | -80,897,000 | -79,374,000 | -78,075,000 | -77,710,000 | 75,673,000 | 73,531,000 | 70,083,000 | 66,362,000 | 67,067,000 | 53,898,000 | 56,533,000 | 59,424,000 | ||||||||||||||||||||||||||||||||
net loans | 6,759,551,000 | 6,557,546,000 | 6,433,459,000 | 6,192,790,000 | 5,988,808,000 | 5,768,818,000 | 5,691,664,000 | 5,539,009,000 | 5,340,899,000 | 5,167,431,000 | 5,132,387,000 | 5,002,794,000 | 4,810,962,000 | 4,780,616,000 | 4,115,405,000 | 4,132,584,000 | 4,146,968,000 | 3,584,442,000 | 3,479,676,000 | 3,421,980,000 | 3,416,369,000 | 2,895,223,000 | 2,522,637,000 | 2,509,261,000 | 2,553,087,000 | 2,488,185,000 | 2,384,685,000 | 2,248,297,000 | 2,198,337,000 | 2,152,410,000 | 2,072,037,000 | 1,932,811,000 | 1,875,994,000 | 1,849,128,000 | 1,843,630,000 | 1,758,196,000 | 1,770,030,000 | 1,700,028,000 | 1,692,828,000 | 1,680,268,000 | 1,635,011,000 | 1,568,938,000 | 1,552,713,000 | 1,547,045,000 | |||||
premises held for sale | 1,689,000 | 2,305,000 | 2,321,000 | 2,332,000 | 2,349,000 | 2,482,000 | 2,502,000 | 2,388,000 | 3,233,000 | 3,246,000 | 2,644,000 | 10,355,000 | |||||||||||||||||||||||||||||||||||||
accrued interest receivable | 27,210,000 | 27,280,000 | 27,697,000 | 26,439,000 | 28,539,000 | 26,074,000 | 26,830,000 | 23,777,000 | 22,547,000 | 20,561,000 | 22,157,000 | 17,568,000 | 17,056,000 | 15,690,000 | 13,745,000 | 13,749,000 | 15,262,000 | 12,998,000 | 13,094,000 | 13,782,000 | 13,535,000 | 8,563,000 | 8,534,000 | 8,581,000 | 9,633,000 | 8,710,000 | 8,360,000 | 8,943,000 | 8,743,000 | 8,026,000 | 8,369,000 | 7,461,000 | 6,952,000 | 6,799,000 | 7,146,000 | 6,058,000 | 5,950,000 | 6,133,000 | 5,980,000 | 5,629,000 | 5,527,000 | 5,658,000 | 5,712,000 | 5,507,000 | 5,658,000 | 5,342,000 | 5,091,000 | 5,954,000 | |
core deposit intangible | 7,833,000 | 8,406,000 | 8,978,000 | 9,929,000 | 10,601,000 | 11,272,000 | 11,944,000 | 5,596,000 | 5,871,000 | 5,162,000 | 1,885,000 | 1,962,000 | 2,042,000 | 2,122,000 | 2,203,000 | 2,285,000 | 2,373,000 | 2,461,000 | |||||||||||||||||||||||||||||||
customer list intangible | 6,156,000 | 6,498,000 | 6,840,000 | 7,220,000 | 7,600,000 | 7,980,000 | 8,360,000 | ||||||||||||||||||||||||||||||||||||||||||
other assets | 306,782,000 | 309,869,000 | 308,750,000 | 280,366,000 | 299,528,000 | 347,612,000 | 287,360,000 | 246,669,000 | 173,084,000 | 125,318,000 | 134,988,000 | 135,972,000 | 125,922,000 | 110,817,000 | 86,002,000 | 88,336,000 | 86,990,000 | 69,798,000 | 71,365,000 | 69,735,000 | 61,959,000 | 56,321,000 | 50,939,000 | 56,370,000 | 48,883,000 | 63,665,000 | 46,911,000 | 46,885,000 | 45,236,000 | 47,277,000 | 48,506,000 | 47,833,000 | 46,940,000 | 45,862,000 | 46,351,000 | 43,564,000 | 43,864,000 | 44,564,000 | 47,672,000 | 45,791,000 | 46,660,000 | 45,920,000 | 51,824,000 | 52,312,000 | 54,660,000 | 49,170,000 | 51,407,000 | 51,342,000 | |
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
non-interest bearing | 1,514,924,000 | 1,499,383,000 | 1,456,138,000 | 1,508,203,000 | 1,482,514,000 | 1,481,217,000 | 1,548,624,000 | 1,714,918,000 | 1,766,132,000 | 1,845,302,000 | 1,950,198,000 | 2,200,041,000 | 2,121,304,000 | 2,089,072,000 | 1,755,754,000 | 1,744,790,000 | 1,743,953,000 | 1,370,183,000 | 1,187,057,000 | 1,180,001,000 | 1,205,253,000 | 858,883,000 | 810,475,000 | 795,793,000 | 777,652,000 | 698,783,000 | 711,023,000 | 705,386,000 | 715,974,000 | 681,936,000 | 674,697,000 | 686,535,000 | 680,078,000 | 637,812,000 | 606,375,000 | 595,039,000 | 551,723,000 | 531,190,000 | 523,947,000 | 491,677,000 | 462,379,000 | 436,843,000 | 423,350,000 | 429,297,000 | 412,584,000 | 376,972,000 | 396,159,000 | 359,097,000 | |
interest bearing | 5,991,826,000 | 5,794,583,000 | 5,710,263,000 | 5,217,870,000 | 5,086,724,000 | 5,127,863,000 | 5,122,124,000 | 4,687,889,000 | 4,442,248,000 | 4,511,893,000 | 4,441,054,000 | 4,300,732,000 | 4,427,826,000 | 4,656,419,000 | 4,031,760,000 | 3,597,234,000 | 3,516,153,000 | 2,829,779,000 | 2,801,577,000 | 2,574,517,000 | 2,521,903,000 | 2,339,995,000 | 2,323,463,000 | 2,150,520,000 | 2,105,801,000 | 2,053,757,000 | 2,083,333,000 | 1,892,652,000 | 1,824,487,000 | 1,891,428,000 | 1,903,598,000 | 1,857,720,000 | 1,710,519,000 | 1,712,136,000 | 1,759,725,000 | 1,546,539,000 | 1,520,042,000 | 1,579,039,000 | 1,599,680,000 | 1,516,144,000 | 1,525,016,000 | 1,550,544,000 | 1,557,587,000 | 1,453,154,000 | 1,452,260,000 | 1,359,912,000 | 1,385,534,000 | 1,330,933,000 | |
total deposits | 7,506,750,000 | 7,293,966,000 | 7,166,401,000 | 6,726,073,000 | 6,569,238,000 | 6,609,080,000 | 6,670,748,000 | 6,402,807,000 | 6,208,380,000 | 6,357,195,000 | 6,391,252,000 | 6,500,773,000 | 6,549,130,000 | 6,745,491,000 | 5,787,514,000 | 5,342,024,000 | 5,260,106,000 | 4,199,962,000 | 3,988,634,000 | 3,754,518,000 | 3,727,156,000 | 3,198,878,000 | 3,133,938,000 | 2,946,313,000 | 2,883,453,000 | 2,752,540,000 | 2,794,356,000 | 2,598,038,000 | 2,540,461,000 | 2,573,364,000 | 2,578,295,000 | 2,544,255,000 | 2,390,597,000 | 2,349,948,000 | 2,366,100,000 | 2,141,578,000 | 2,071,765,000 | 2,110,229,000 | 2,123,627,000 | 2,007,821,000 | 1,987,395,000 | 1,987,387,000 | 1,980,937,000 | 1,882,451,000 | 1,864,844,000 | 1,736,884,000 | 1,781,693,000 | 1,690,030,000 | |
accrued interest payable | 1,835,000 | 1,973,000 | 1,912,000 | 2,036,000 | 2,155,000 | 2,194,000 | 2,094,000 | 1,836,000 | 1,064,000 | 1,029,000 | 660,000 | 401,000 | 277,000 | 337,000 | 300,000 | 398,000 | 630,000 | 249,000 | 391,000 | 325,000 | 471,000 | 419,000 | 640,000 | 712,000 | 1,008,000 | 709,000 | 762,000 | 681,000 | 500,000 | 284,000 | 232,000 | 156,000 | 116,000 | 132,000 | 119,000 | 126,000 | 125,000 | 127,000 | 131,000 | 128,000 | 133,000 | 125,000 | 128,000 | 128,000 | 140,000 | 140,000 | 166,000 | 202,000 | |
other liabilities | 234,606,000 | 241,296,000 | 258,332,000 | 266,977,000 | 259,614,000 | 237,848,000 | 246,574,000 | 189,816,000 | 138,492,000 | 94,291,000 | 125,443,000 | 162,506,000 | 87,110,000 | 92,993,000 | 96,502,000 | 79,905,000 | 91,358,000 | 66,129,000 | 87,821,000 | 75,543,000 | 74,120,000 | 64,283,000 | 60,587,000 | 65,676,000 | 59,897,000 | 55,069,000 | 46,788,000 | 39,371,000 | 43,275,000 | 41,865,000 | 46,192,000 | 41,814,000 | 41,314,000 | 39,795,000 | 33,465,000 | 28,598,000 | 21,852,000 | 23,248,000 | 26,434,000 | 28,306,000 | 28,677,000 | 24,278,000 | 26,514,000 | 29,233,000 | 25,169,000 | 24,673,000 | 22,949,000 | 46,177,000 | |
commitments and contingent liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value. authorized 1,000,000 shares; no shares issued or outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 59,081,000 | 59,066,000 | 58,939,000 | 58,886,000 | 58,797,000 | 58,812,000 | 58,602,000 | 58,579,000 | 58,580,000 | 58,582,000 | 58,367,000 | 58,311,000 | 58,315,000 | 58,238,000 | 49,501,000 | 49,462,000 | 49,471,000 | 36,796,000 | 36,500,000 | 36,500,000 | 36,415,000 | 36,408,000 | 36,207,000 | 36,184,000 | 36,596,000 | 36,934,000 | 36,689,000 | 36,678,000 | 36,680,000 | 36,627,000 | 36,457,000 | 36,395,000 | 36,068,000 | 35,894,000 | 10,835,000 | 10,448,000 | 10,390,000 | 10,203,000 | 10,035,000 | 9,898,000 | 9,769,000 | 9,749,000 | 9,581,000 | 9,398,000 | 9,249,000 | 7,416,000 | 7,273,000 | 7,204,000 | |
additional paid-in capital | 400,459,000 | 399,004,000 | 395,081,000 | 392,965,000 | 390,454,000 | 389,685,000 | 385,955,000 | 384,399,000 | 383,387,000 | 382,391,000 | 377,703,000 | 376,091,000 | 374,878,000 | 372,555,000 | 243,107,000 | 241,254,000 | 240,200,000 | 46,879,000 | 41,886,000 | 41,256,000 | 39,425,000 | 38,367,000 | 35,714,000 | 34,607,000 | 37,776,000 | 39,914,000 | 36,797,000 | 35,598,000 | 34,715,000 | 32,917,000 | 31,924,000 | 29,002,000 | 24,050,000 | 21,962,000 | 45,733,000 | 42,217,000 | 41,213,000 | 39,352,000 | 38,191,000 | 36,711,000 | 35,242,000 | 34,614,000 | 33,255,000 | 31,618,000 | 30,328,000 | 19,118,000 | 17,731,000 | 17,046,000 | |
retained earnings | 621,475,000 | 597,243,000 | 577,607,000 | 557,516,000 | 540,264,000 | 521,268,000 | 506,344,000 | 491,845,000 | 473,531,000 | 454,338,000 | 439,898,000 | 421,269,000 | 401,275,000 | 384,949,000 | 391,201,000 | 375,462,000 | 359,628,000 | 362,607,000 | 353,574,000 | 341,970,000 | 335,575,000 | 328,475,000 | 333,699,000 | 323,592,000 | 313,927,000 | 303,659,000 | 298,156,000 | 289,340,000 | 281,164,000 | 274,002,000 | 267,193,000 | 255,015,000 | 247,011,000 | 241,745,000 | 235,809,000 | 225,178,000 | 219,466,000 | 214,100,000 | 209,584,000 | 204,215,000 | 197,569,000 | 192,783,000 | 188,825,000 | 185,618,000 | 180,957,000 | 177,420,000 | 174,650,000 | 170,908,000 | |
accumulated other comprehensive loss | -75,311,000 | -79,840,000 | -91,151,000 | -75,273,000 | -94,980,000 | -95,054,000 | -92,798,000 | -127,905,000 | -107,416,000 | -100,943,000 | -115,536,000 | -127,917,000 | -87,337,000 | -57,599,000 | -2,513,000 | -5,142,000 | -8,636,000 | -7,044,000 | -5,844,000 | -725,000 | |||||||||||||||||||||||||||||
total stockholders’ equity | 1,005,704,000 | 975,473,000 | 940,476,000 | 934,094,000 | 894,535,000 | 874,711,000 | 858,103,000 | 806,918,000 | 808,082,000 | 794,368,000 | 760,432,000 | 727,754,000 | 747,131,000 | 758,143,000 | 675,869,000 | 663,547,000 | 651,089,000 | 443,232,000 | 440,701,000 | 428,598,000 | 420,231,000 | 409,702,000 | 406,297,000 | 396,111,000 | 389,365,000 | 377,994,000 | 366,500,000 | 352,980,000 | 345,515,000 | 337,702,000 | 333,644,000 | 319,687,000 | 311,570,000 | 305,051,000 | 296,323,000 | 280,948,000 | 272,382,000 | 267,601,000 | 259,895,000 | 251,446,000 | 243,614,000 | 236,976,000 | 229,444,000 | 226,535,000 | 220,352,000 | 208,897,000 | 205,075,000 | 201,422,000 | |
total liabilities and equity | 9,208,986,000 | 8,997,478,000 | 8,863,419,000 | 8,437,280,000 | 8,315,325,000 | 8,123,128,000 | 8,170,102,000 | 7,903,430,000 | 7,732,552,000 | 7,667,648,000 | 7,496,261,000 | 7,554,210,000 | 7,583,105,000 | 7,777,152,000 | |||||||||||||||||||||||||||||||||||
core deposit intangibles | 12,693,000 | 13,442,000 | 14,196,000 | 14,958,000 | 15,914,000 | 16,870,000 | 17,826,000 | ||||||||||||||||||||||||||||||||||||||||||
customer list intangibles | 8,778,000 | 9,196,000 | 9,614,000 | 10,032,000 | 12,833,000 | 13,487,000 | 14,142,000 | ||||||||||||||||||||||||||||||||||||||||||
non-controlling interest | 2,995,000 | 3,030,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total equity | 730,749,000 | 750,161,000 | 761,220,000 | ||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | 3,077,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -7,940,000 | -2,631,000 | 1,790,000 | -3,050,000 | 8,741,000 | 8,872,000 | 8,816,000 | 6,452,000 | 677,000 | 1,728,000 | 1,066,000 | 4,441,000 | 5,450,000 | 3,946,000 | 3,105,000 | 1,313,000 | 3,946,000 | 2,085,000 | 622,000 | 1,034,000 | 4,943,000 | 5,421,000 | 6,264,000 | ||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 6,646,025,000 | 6,181,188,000 | 6,088,072,000 | 4,794,075,000 | 4,608,629,000 | 4,365,129,000 | 4,334,533,000 | 3,784,586,000 | 3,724,197,000 | 3,533,926,000 | 3,463,823,000 | 3,281,016,000 | 3,302,924,000 | 3,324,797,000 | 3,323,840,000 | 3,285,480,000 | 3,239,646,000 | 3,033,343,000 | 2,938,665,000 | 2,909,519,000 | 2,824,107,000 | 2,624,607,000 | 2,482,687,000 | 2,512,263,000 | 2,563,868,000 | 2,407,871,000 | 2,411,375,000 | 2,354,238,000 | 2,389,262,000 | 2,289,755,000 | 2,258,600,000 | 2,121,066,000 | 2,148,262,000 | 2,102,589,000 | |||||||||||||||
allowance for credit losses | 50,714,000 | 51,920,000 | 50,501,000 | 47,708,000 | 42,143,000 | ||||||||||||||||||||||||||||||||||||||||||||
available for sale debt securities (amortized cost of 416,767) in 2020 and 469,313 in 2019, respectively | 429,184,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
available for sale debt securities (amortized cost of 472,797 in 2020 and 469,313 in 2019, respectively | 485,249,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
available for sale debt securities (amortized cost of 436,446 in 2020 and 469,313 in 2019 | 445,813,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 249,724,000 | 136,214,000 | 116,039,000 | 111,340,000 | 198,939,000 | 120,480,000 | 55,000,000 | 56,876,000 | 139,248,000 | 89,481,000 | 57,893,000 | 50,234,000 | 48,038,000 | 55,194,000 | 58,676,000 | 57,519,000 | 74,241,000 | 69,567,000 | 95,261,000 | ||||||||||||||||||||||||||||||
securities available for sale | 470,738,000 | 375,601,000 | 423,579,000 | 507,131,000 | 436,995,000 | 414,490,000 | 440,184,000 | 490,031,000 | 401,063,000 | 402,807,000 | 362,904,000 | 386,440,000 | 360,946,000 | ||||||||||||||||||||||||||||||||||||
loans and leases | 2,845,016,000 | 2,856,664,000 | 2,763,880,000 | 2,525,709,000 | |||||||||||||||||||||||||||||||||||||||||||||
allowance for loan and lease losses | 26,791,000 | 26,877,000 | 26,416,000 | 26,464,000 | |||||||||||||||||||||||||||||||||||||||||||||
net loans and leases | 2,818,225,000 | 2,829,787,000 | 2,737,464,000 | 2,499,245,000 | |||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank stock and other securities | 10,370,000 | 7,646,000 | 6,347,000 | 6,347,000 | 6,347,000 | 6,347,000 | 6,347,000 | 6,347,000 | 6,347,000 | 6,347,000 | 6,347,000 | 6,347,000 | |||||||||||||||||||||||||||||||||||||
less allowance | 25,534,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
deposits | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value; 1,000,000 shares authorized; no shares issued or outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loans held-for-sale | 2,533,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
securities available-for-sale | 550,091,000 | 574,570,000 | 598,081,000 | 574,524,000 | 556,144,000 | 541,681,000 | 567,307,000 | 569,012,000 | 504,366,000 | 412,866,000 | 471,702,000 | 513,056,000 | 449,572,000 | ||||||||||||||||||||||||||||||||||||
less allowance for loan losses | 25,222,000 | 24,873,000 | 24,203,000 | 24,885,000 | 24,481,000 | 24,369,000 | 23,141,000 | 22,451,000 | 21,614,000 | 23,308,000 | 24,882,000 | 24,920,000 | 27,124,000 | 29,761,000 | 28,591,000 | 28,522,000 | 28,990,000 | 31,980,000 | 32,022,000 | 31,881,000 | 31,245,000 | ||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||
federal funds purchased and other short-term borrowings | 231,344,000 | 215,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value. authorized 1,000,000 shares; no shares issued or outsanding | |||||||||||||||||||||||||||||||||||||||||||||||||
federal funds purchased and other short-term borrowing | 286,460,000 | 10,975,000 | 76,387,000 | 114,154,000 | |||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive | -1,930,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
federal funds sold and interest bearing deposits | 45,898,000 | 16,360,000 | |||||||||||||||||||||||||||||||||||||||||||||||
federal funds sold | 9,616,000 | 13,016,000 | 17,859,000 | 20,901,000 | 23,630,000 | 31,265,000 | 37,896,000 | 40,269,000 | 23,472,000 | 36,177,000 | 27,745,000 | 17,351,000 | |||||||||||||||||||||||||||||||||||||
other securities | 1,013,000 | 1,013,000 | 1,013,000 | 1,013,000 | 1,000,000 | 1,000,000 | 1,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 |
|---|---|---|---|---|
cash flows from operating activities: | ||||
net income | 19,944,000 | 9,835,000 | 27,541,000 | 18,257,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||
benefit from credit losses | ||||
depreciation, amortization and accretion | 5,292,000 | 2,662,000 | 5,088,000 | 3,374,000 |
deferred income tax expense | 447,000 | 1,326,000 | 1,170,000 | |
gain on sale of mortgage loans held for sale | ||||
origination of mortgage loans held for sale | -57,433,000 | -20,788,000 | -90,997,000 | |
proceeds from sale of mortgage loans held for sale | 58,931,000 | 24,066,000 | 90,816,000 | 60,104,000 |
bank owned life insurance income | -441,000 | -221,000 | -670,000 | |
gain on the sale of premises and equipment | ||||
gain on other real estate owned | ||||
stock compensation expense | 1,073,000 | 513,000 | 1,561,000 | 995,000 |
excess tax benefit from share-based compensation arrangements | ||||
net change in accrued interest receivable and other assets | ||||
net change in accrued interest payable and other liabilities | ||||
net cash from operating activities | 34,072,000 | 17,644,000 | 34,304,000 | 14,809,000 |
capital expenditures | 0 | 0 | 0 | 0 |
free cash flows | 34,072,000 | 17,644,000 | 34,304,000 | 14,809,000 |
cash flows from investing activities: | ||||
proceeds from maturities and paydowns of available for sale debt securities | ||||
purchases of available for sale debt securities | ||||
proceeds from maturities and paydowns of held to maturity debt securities | ||||
purchases of fhlb stock | ||||
proceeds from redemption of fhlb stock | ||||
net change in loans | ||||
purchases of premises and equipment | -4,660,000 | -1,169,000 | -3,136,000 | |
proceeds from sale or disposal of premises and equipment | ||||
other investment activities | ||||
proceeds from sales of other real estate owned | ||||
net cash from investing activities | -142,753,000 | -61,616,000 | -81,825,000 | 64,691,000 |
cash flows from financing activities: | ||||
net change in deposits | ||||
net change in securities sold under agreements to repurchase and federal funds purchased | ||||
proceeds from fhlb advances | ||||
repayments of fhlb advances | ||||
repurchase of common stock | ||||
cash dividends paid | -7,768,000 | -3,729,000 | -10,503,000 | |
net cash from financing activities | 55,082,000 | -11,823,000 | 28,474,000 | |
net change in cash and cash equivalents | ||||
beginning cash and cash equivalents | ||||
ending cash and cash equivalents | ||||
(gain)/loss on the sale of premises and equipment | ||||
loss on sale of available for sale debt securities | ||||
(gain)/loss on the sale of other real estate owned | ||||
loss on disposition of lfa | ||||
proceeds from sales of available for sale debt securities | ||||
proceeds from sales of acquired available for sale debt securities | ||||
purchases of held to maturity debt securities | ||||
purchase of bank owned life insurance | ||||
proceeds from the disposition of lfa | ||||
net change in non-ppp loans | ||||
net change in ppp loans | ||||
purchase of loans from broker | ||||
cash for acquisition, net of cash acquired | ||||
repayment of acquired line of credit | ||||
cash disbursements to non-controlling interest | ||||
disposition of lfa | ||||
deferred income tax benefit | ||||
loss on other real estate owned | ||||
origination of mortgage loans held for sale+ | ||||
loss on the disposal of premises and equipment | 3,000 | |||
(gain)/loss on the disposal of premises and equipment | ||||
proceeeds from sales of available for sale debt securities | ||||
proceeeds from sales of acquired available for sale debt securities | ||||
gain on the disposal of premises and equipment | ||||
cash from acquisition, net of cash paid | ||||
share repurchases related to compensation plans | ||||
purchases of federal home loan bank stock | ||||
proceeds from federal home loan bank advances | 160,000,000 | 30,000,000 | 78,200,000 | 63,200,000 |
repayments of federal home loan bank advances | -160,466,000 | -30,232,000 | -71,333,000 | |
proceeds from redemption of federal home loan bank stock | ||||
proceeds from the sale of held for investment loans | ||||
(gain) loss on the disposal of premises and equipment | ||||
(gain) loss on the sale of other real estate owned | ||||
gain on the sale of other real estate owned | ||||
cash disbursements to noncontrolling interest | ||||
proceeds from redemption of acquired federal reserve bank stock | ||||
proceeds from redemption of interest bearing due from banks | ||||
proceeds from surrender of acquired bank owned life insurance | ||||
proceeds from bank owned life insurance mortality benefit | ||||
repayment of acquired bank holding company line of credit | ||||
redemption of acquired bank subordinated debentures | ||||
excess tax (benefit) expense from share-based compensation arrangements | ||||
supplemental cash flow information: | ||||
interest paid | ||||
income taxes paid, net of refunds | ||||
cash paid for operating lease liabilities | ||||
supplemental non-cash activity: | ||||
unfunded commitments in tax credit investments | ||||
benefit from credit losses on loans | ||||
gain on other investment activities | ||||
purchase of federal home loan bank stock | ||||
net change in traditional loans | ||||
operating activities: | ||||
gain on sales of mortgage loans held for sale | -1,103,000 | -462,000 | -1,611,000 | |
income on other investments | ||||
investing activities: | ||||
proceeds from redemption of federal reserve bank stock | ||||
financing activities: | ||||
cash and cash equivalents at beginning of period | 103,833,000 | 103,833,000 | 74,241,000 | 74,241,000 |
cash and cash equivalents at end of period | 50,234,000 | 48,038,000 | 55,194,000 | 58,676,000 |
proceeds from disposal of premises and equipment | ||||
deferred income tax | ||||
excess tax benefits from share-based compensation arrangements | -520,000 | -404,000 | -366,000 | 293,000 |
purchases of securities available for sale | -227,714,000 | -203,465,000 | ||
proceeds from maturities and paydowns of securities available for sale | ||||
proceeds from sales of premises and equipment | ||||
initital recognition of right-of-use lease assets | ||||
initital recognition operating lease liabilities | ||||
loans transferred to oreo | ||||
benefit from loan and lease losses | ||||
deferred income tax (benefit) expense | ||||
loss on sale of securities available for sale | ||||
proceeds from sales of securities available for sale | ||||
proceeds from surrender of acquired bank bank owned life insurance | ||||
stock issued for share-based awards, net of witholdings to satisfy employee tax obligations | ||||
gain on the sale of other real estate | ||||
proceeds from sales of securities | ||||
proceeds from redemptions of federal home loan bank stock | ||||
proceeds from sale of foreclosed assets | 1,401,000 | 2,332,000 | 1,820,000 | |
common stock repurchases | -1,083,000 | -1,020,000 | -910,000 | |
operating lease payments | ||||
proceeds from sales of federal home loan bank stock | ||||
proceeds from mortality benefit of bank owned life insurance | ||||
proceeds from sale of other real estate | 513,000 | |||
net decrease in deposits | -21,754,000 | -5,602,000 | ||
net increase in securities sold under agreements to repurchase and federal funds purchased | 84,588,000 | 12,709,000 | ||
issuance of common stock for stock appreciation rights and performance stock units | ||||
common stock repurchases of restricted shares surrendered for taxes | ||||
cash paid during the period for: | ||||
income tax payments | 5,490,000 | 10,177,000 | 6,774,000 | |
cash paid for interest | 2,438,000 | 1,239,000 | 3,640,000 | 2,438,000 |
initial recognition of right-of-use lease assets | ||||
initial recognition of operating lease liabilities | ||||
transfers from loans to other real estate owned | 1,511,000 | 689,000 | 1,043,000 | 232,000 |
operating activities | ||||
benefit from loan losses | ||||
net realized gain on sale of oreo | ||||
stock-based compensation expense | ||||
excess tax benefits from stock-based compensation arrangements | ||||
investing activities | ||||
proceeds from sale of securities available for sale | 5,934,000 | 5,934,000 | ||
proceeds from sale of federal home loan bank stock | ||||
net increase in loans | -144,605,000 | -62,660,000 | -90,224,000 | |
proceeds from disposal of equipment | ||||
proceeds from sale of oreo | ||||
financing activities | ||||
proceeds (used for) and received from settlement of stock awards | ||||
net increase in cash and cash equivalents | ||||
transfers from loans to foreclosed assets | ||||
loans purchased not settled | ||||
deferred income tax credit | ||||
gain on call of securities available for sale | ||||
gain on the sale of foreclosed assets | ||||
decrease (increase) in accrued interest receivable and other assets | ||||
increase in accrued interest payable and other liabilities | 12,321,000 | 5,871,000 | 2,509,000 | |
purchases of securities available-for-sale | -117,915,000 | |||
proceeds from maturities of securities available for sale | 232,825,000 | 206,734,000 | 184,878,000 | |
net increase in deposits | 17,951,000 | |||
repurchase common stock for performing stock units | ||||
deferred income tax provision | 1,179,000 | |||
(gain) loss on the sale of other real estate | ||||
repurchase common stock for performance stock units | ||||
(gain) on the disposal of premises and equipment | ||||
(gain) on the sale of foreclosed assets | ||||
provision (credit) for loan losses | ||||
loss on sale of securities available-for-sale | ||||
impairment loss on available-for-sale securities | ||||
gains on sales of mortgage loans held for sale | ||||
proceeds from liquidation of private investment fund | ||||
(gain) loss on other real estate owned | ||||
recovery of impairment loss on other assets held for investment | ||||
increase in accrued interest receivable and other assets | ||||
proceeds from sale of securities available-for-sale | ||||
proceeds from maturities of securities available-for-sale | 119,615,000 | |||
proceeds from sale of other real estate owned | ||||
proceeds from the sale of other assets held for investment | ||||
cash and cash equivalents at beginning of year | ||||
issuance of common stock for options and performance stock units | 1,045,000 | 495,000 | 1,994,000 | 1,566,000 |
net decrease in cash and cash equivalents | -53,599,000 | -55,795,000 | -19,047,000 | |
provision for loan losses | 1,250,000 | 500,000 | ||
loss on the sale of other real estate | -443,000 | -333,000 | 153,000 | 165,000 |
decrease in accrued interest receivable and other assets | -5,246,000 | -4,774,000 | -1,049,000 | 387,000 |
net decrease in securities sold under agreements to repurchase and federal funds purchased | -2,139,000 | |||
decrease in accrued interest payable and other liabilities | ||||
(credit) benefit from loan losses | ||||
increase in value of private investment fund | ||||
gain on acquisition | ||||
acquisition, net of cash acquired | ||||
repayments of subordinated debentures | ||||
issuance of common stock for options and dividend reinvestment plan | ||||
loss on the disposal of equipment | ||||
proceeds from maturities of securities held to maturity | ||||
net decrease in other short-term borrowings | ||||
increase decrease in value of private investment fund | ||||
prepayment penalty on modification of federal home loan bank advances | ||||
adjustments to reconcile net income to net cash provided by operating activities: | ||||
gain on sale of securities available for sale | ||||
decrease in value of private investment fund | ||||
loss on the sale of foreclosed assets | ||||
net increase in other short-term borrowings |
